The company took a significant hit in its Q4 results due to restructuring and impairments, as it shuts down lines and orders tools for the transition to its Series 6 modules.
The move is a step toward regaining regulatory compliance, in advance of a potential purchase by Brookfield.
The Tokyo-based renewables developer completed the project last week in Waianae, on the Hawaiian island of Oahu. It is the company’s second biggest utility-scale PV array in the U.S.
The PV Market Alliance has released its official solar installation figures for 2016, which show a 50% growth from 2015 with a total of 75 GW installed. This was mainly driven by a mammoth year of installations in China, although the future would seem less auspicious as the two biggest markets show signs of retraction.
While much of this decline is due to lower system costs, it was a difficult year for the solar industry despite a 20% growth in installation capacity.
A new report examines China’s clean energy investments, which go well beyond its borders, as well as its increasing dominance of PV production and lithium ion processing.
The yieldco’s first statement regarding its 2016 financials shows plenty of cash, but Global is remaining in the red overall.
NASDAQ has sent letters to both yieldcos warning them that the failure to hold annual general meetings in 2016 serves as an “additional” cause for de-listing, after late financial statements.
This year’s review of the U.S. trade ruling on Chinese PV cells would otherwise keep duties at similar levels to previous years, but it is expected that few companies will end up paying them.
SunEdison Semiconductor has agreed to allow the transfer of intellectual property to the world’s largest polysilicon and wafer maker, which is seeking to develop FBR polysilicon.
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